Massimo Group (NASDAQ:MAMO – Get Free Report) posted its quarterly earnings results on Friday. The company reported ($0.02) EPS for the quarter, FiscalAI reports. Massimo Group had a net margin of 2.10% and a return on equity of 7.49%. The company had revenue of $12.72 million during the quarter.
Massimo Group Price Performance
MAMO stock remained flat at $0.99 during mid-day trading on Friday. 107,795 shares of the company’s stock traded hands, compared to its average volume of 344,869. The stock has a market capitalization of $41.22 million, a price-to-earnings ratio of 24.75 and a beta of 0.45. The firm’s 50-day simple moving average is $1.02 and its two-hundred day simple moving average is $2.38. Massimo Group has a one year low of $0.85 and a one year high of $5.59.
Analyst Ratings Changes
Several analysts have recently commented on MAMO shares. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Massimo Group in a research report on Friday, May 1st. Wall Street Zen raised shares of Massimo Group from a “hold” rating to a “buy” rating in a research report on Sunday, March 29th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has an average rating of “Sell”.
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the stock. OMERS ADMINISTRATION Corp purchased a new stake in shares of Massimo Group during the fourth quarter worth $69,000. Citadel Advisors LLC increased its position in shares of Massimo Group by 43.7% during the third quarter. Citadel Advisors LLC now owns 19,218 shares of the company’s stock worth $45,000 after acquiring an additional 5,844 shares during the period. Goldman Sachs Group Inc. purchased a new stake in shares of Massimo Group during the fourth quarter worth $78,000. Millennium Management LLC purchased a new stake in shares of Massimo Group during the third quarter worth $88,000. Finally, Geode Capital Management LLC increased its position in shares of Massimo Group by 152.0% during the fourth quarter. Geode Capital Management LLC now owns 75,494 shares of the company’s stock worth $300,000 after acquiring an additional 45,537 shares during the period.
About Massimo Group
Massimo Group, through its subsidiaries, engages in the manufacturing and sale of utility terrain vehicles, all-terrain vehicles, and pontoon and tritoon boats. The company also offers motorcycles, scooters, golf carts, and go karts and balance bikes, as well as snow equipment. In addition, it provides accessories, including EV chargers, electric coolers, power stations, and portable solar panels. The company sells its products through a network of dealerships, distributors, and chain stores, as well as the e-commerce marketplace.
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